Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Short Term Elliott Wave View in Amazon suggests the stock has reached support zone from 5 February 2025 high in 3 waves. Down from there, wave (A) ended at 221.77. Rally in wave (B) ended at 234.81. Wave (C) lower is in progress with subdivision as a 5 waves impulse. Down from wave (B), wave 1 ended at 228.06 and wave 2 rally ended at 233.92. The stock extended lower in wave 3. Down from wave 2, wave ((i)) ended at 221.81. Rally in wave ((ii)) ended at 224.06. Stock resumed lower in wave ((iii)) towards 214.74 and wave ((iv)) rally ended at 218.35. Final leg wave ((v)) lower ended at 212 which completed wave 3. Rally in wave 4 is in progress to correct cycle from 11 February 2025 high before it resumes lower. Near term, as far as pivot at 234.89 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside in wave 5 of (C). Pair has currently reached 100% – 161.8% Fibonacci extension from 5 February 2025. This support area is at 200.6 – 213.6 where wave (C) is expected to end and the stock can at least turn higher in 3 waves.
Is $cco.to NYSE:CCJ going to retest the MASSIVE important level that goes back 18 years? #uranium #u308
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Hello everyone! Sell on news? https://www.tradingview.com/news/te_news:449120:0-hong-kong-shares-extend-steep-losses/ **Hong Kong stocks fell 315 points or 1.4% to 23,030 in Tuesday morning trade, marking the second session of sharp losses amid broad sector falls, notably consumers and tech.Traders retreated from riskier assets after the US intensified curbs on Chinese investments and proceeded with tariffs on Canada and Mexico.** Is this piece of sh *** news helps in trading? ? ? ? #sticktoyourplan #trustwhatyoutrust #followyourowntradingplan Build your own #zentradingstrategy news can be distraction to your judgements! Look at the HSI D Chart https://www.tradingview.com/x/U2n2Hl9L/ Look at the 4H chart PEPPERSTONE:HK50 The last Oct Hi @ 23241 has been broken hence retracement is not a surprised! MACD - formed deadcross and curving down as marked in yellow circle. KDJ - at bearish zone curving down. BB - it broke down uptrende channel trading in lower BB channel 22990 support level turned resistance level now. If it able to break and stay above this level this week then this is a healthy pull back. Let's monitor. Today Trade Plan: 22500-23250 (~830pts) Buy into support : 22600 -22900 (TP :22950-23130) Sell at resistance : 23000-23100 (TP: 22900-22930) PEPPERSTONE:HK50 1h Chart https://www.tradingview.com/x/s9FeaUAC/ Check MACD & KDJ - wait for the reversal confirmation before taking your swing long position. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Pay attention to the Goldencross/DeadCross; practice makes perfect. Let's follow our own strategy and zen with ? and ?. Happy Trading everyone! Reminder : start to accumulate China & HKG for the potential upside for the year! All retracement is a good entry point. HKEX:2800 - 22.90-22.82 add position HKEX:2823 HKEX:2801 HKEX:3067 ** Please Boost ?/LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea!**
Gold news: ?Gold prices hovered below a record high of $2,956 during the Asian session. The rally continued as the dollar weakened and US Treasury yields fell 0.43%. At the time of writing, XAU/USD was trading at $2,948.6. ?Gold prices have been rising for the past eight weeks, driven by the largest net inflows into gold-backed ETFs since 2022 ?While XAU/USD is likely to hold at all-time highs, it appears that buyers have been hesitant to push prices higher, with price action showing signs of losing momentum. ?Technically, the daily RSI indicator is showing a divergence that could signal a pullback. However, the RSI is still in overbought territory, so further consideration is warranted. Personal opinion: ?Gold will have a period of decline to accumulate and then continue the main uptrend. ?Note: in case of new news about Trump's tariff policy or war fluctuations, we will consider first. Technical analysis: ?Based on important resistance - support levels and Fibonacci levels combined with EMA indicators to come up with a suitable strategy Plan: ? Price Zone Setup: ?Buy Gold 2917 – 2920 ❌SL: 2912 | ✅TP: 2925– 2930 – 2940 ?Buy Gold 2938 – 2940(Scalping) ❌SL: 2933 | ✅TP: 2945– 2950 – 2955 ?Sell Gold 2970 – 2972 ❌SL: 2977| ✅TP: 2965– 2960 – 2950 FM wishes you a successful trading day ???
Gold Comments 25/02 Waiting for a Breakout to Create a New Peak The overall trend is still up, with no signs of a reversal. However, there is no confirmation of the continuation of the uptrend. Gold is adjusting to support levels to retest previous buying power. Important support level 2918-2923
SUI head and shoulder breakout trade to get back to the daily pivot. Waiting for a break of the neck line and retest.